Dell Technologies Inc. (NYSE:DELL) Shares Purchased by True Vision MN LLC

True Vision MN LLC increased its stake in Dell Technologies Inc. (NYSE:DELL) by 78.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,777 shares of the technology company’s stock after acquiring an additional 2,536 shares during the quarter. True Vision MN LLC’s holdings in Dell Technologies were worth $685,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Clean Yield Group purchased a new position in shares of Dell Technologies in the third quarter worth approximately $25,000. Accordant Advisory Group Inc purchased a new position in Dell Technologies during the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies during the first quarter valued at $30,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the second quarter valued at $33,000. Finally, Crewe Advisors LLC purchased a new position in shares of Dell Technologies during the second quarter valued at $34,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In related news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,962,112 shares of company stock worth $2,114,595,059 over the last three months. Company insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 12.7 %

NYSE:DELL traded down $18.00 during mid-day trading on Wednesday, hitting $123.74. 4,461,779 shares of the company’s stock traded hands, compared to its average volume of 9,984,073. The firm has a 50 day moving average of $126.91 and a two-hundred day moving average of $126.97. The firm has a market capitalization of $86.91 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $1.62 earnings per share. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Analysts Set New Price Targets

Several research firms have weighed in on DELL. Susquehanna began coverage on Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Morgan Stanley boosted their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.06.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).